In a brief statement to the media Monday, Random House said that it has agreed to "the agency model for e‐book sales" in the U.S. effective Tuesday. That means that going forward, "Random House will set consumer prices for the e‐ books we publish, and [ ] will provide retailers with a commission for each sale," the publisher said.
"The agency model guarantees a higher margin for retailers than did our previous sales terms," Random House said. "We are making this change both as an investment in the successful digital transition of our existing partners and in order to give us the opportunity to forge new retail relationships."
The report speculates that Apple may announce the addition of Random House to the iBookstore at its March 2nd event which will likely be used to unveil the iPad 2.